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Manor sign Alexander Rossi for five races

American Alexander Rossi is to race for Manor in five of the remaining grands prix this season, starting in Singapore this weekend.

The 23-year-old replaces Spaniard Roberto Merhi, who stays with the team as reserve driver and will take part in the races in Russia and Abu Dhabi.

Rossi, who will additionally race in Japan, the USA, Mexico and Brazil, partners Englishman Will Stevens.

Singapore will mark Rossi's competitive Formula 1 debut.

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Renault sign letter of intent to buy controlling stake in Lotus F1

Renault have signed a letter of intent to buy a controlling stake in Lotus to create a new Formula 1 team for 2016.

Renault have been in talks to buy Lotus for several months and the latter's financial position has become precarious without a deal in place.

But in a statement on Monday, Renault said it was the "first step towards the project of a Renault Formula 1 team".

Lotus F1 were due in court on Monday over unpaid tax, but the case was adjourned until 7 October.

Renault, whose engine partnership with Red Bull appears to be heading for a messy divorce, say the move to buy the Lotus team represents the ambition to extend their 38-year involvement in F1.

In 2010 Renault sold the majority of shares in its F1 team which became Lotus Renault in 2011, and from 2012 the team competed as Lotus F1.

Lotus's current owner, Genii Capital, has recently scaled down its own investment.

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